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PPP Loan Data — Millenium Rehab & Consulting Group Inc., Des Moines, IA

SBA PPP loan data, payroll data, and salaries for Millenium Rehab & Consulting Group Inc.
IA

Millenium Rehab & Consulting Group Inc.

Entity: Subchapter S Corporation

Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists

Location: Des Moines, IA

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Millenium Rehab & Consulting Group Inc. is a subchapter s corporation located at 4725 Merle Hay Rd in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,866,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.87M

Jobs Retained:

306

Loan Approved:

2020-04-08

Lender:

COMMUNITY SAVINGS BANK

Millenium Rehab & Consulting Group Inc. in Des Moines, IA received a Paycheck Protection Loan of $2.87M through COMMUNITY SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Millenium Rehab & Consulting Group Inc.'s total 2019 payroll expenses were approximately $13.76M in order to qualify for the PPP loan amount received.

Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $44,963 per employee1.

Because the loan received by Millenium Rehab & Consulting Group Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Millenium Rehab & Consulting Group Inc. in Des Moines, IA

Millenium Rehab & Consulting Group Inc.
4725 Merle Hay Rd
Des Moines, IA 50322

Business Industry

Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-03

Similar Companies near Des Moines

In the Des Moines area, 4 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 306) and received an average PPP loan of $732,815 (compared to this company's $2.87M).

Industry PPP Comparison Statistics

Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 97% lower than Millenium Rehab & Consulting Group Inc.'s reported 306 employees, and received an average PPP loan of $79,587, 97% lower than this company's loan of $2.87M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/millenium-rehab-and-consulting-group-inc-des-moines-ia